Sector
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Giant new Saudi yard to make a splash at Posidonia
Saudi Aramco, Saudi Arabia’s state oil company, and its partners Lamprell, the National Shipping Company of Saudi Arabia (Bahri) and…
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Maltese Falzon swoops for elderly tanker
Malta-based Falzon Group is adding an elderly tanker to its fleet. Brokers are reporting that in the chemical sector the…
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Boxship ordering rush pushes orderbook-to-fleet ratio towards 15%
A spate of orders from Taiwan is pushing the container orderbook-to-fleet ratio back to above 15% territory again. Citing Evergreen…
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S&P positive for most shipping segments bar liners
S&P Global Ratings believes that this year demand in the three main segments of the global shipping industry – dry…
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Ocean Rig cancels drillship at Samsung Heavy Industries
South Korean shipbuilder Samsung Heavy Industries has announced that offshore drilling contractor Ocean Rig has cancelled a $702m drillship contract…
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Blockchain bill of lading platform raises $7m in seven minutes
CargoX, a startup developing a blockchain smart bill of lading platform, has managed to raise $7m in just over seven…
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NYK investigates embezzlement case in Chinese car carrier unit
Japanese owner Nippon Yusen Kaisha (NYK) has announced that it has discovered that former management personnel in its Shanghai-based affiliate…
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Diana Containerships sells panamax boxship for scrap
Greek owner Diana Containerships has reached an agreement to sell 2006-built 4,923 teu panamax boxship for demolition on an as…
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Wan Hai returning to the Red Sea
Taiwan’s Wan Hai Lines is making a return the Red Sea after a nine-year absence. The carrier has entered into…
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Fincantieri and Damen eye Uljanik
Europe’s largest shipbuilding groups are taking a look at investing in Croatia’s struggling Uljanik shipyard. Both Fincantieri of Italy and…
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Sea Trucks sells four construction vessels as part of restructuring
Dutch offshore engineering vessel operator Sea Trucks has announced that four of the company’s accommodation and construction vessels – Jascon…
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Keppel confirms new EIG lawsuit filed in the US
Singapore’s Keppel Offshore & Marine has confirmed that it has been served with a summons for a $660m civil case…
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Stena Drilling semi-sub awarded Golden Eagle contract by Nexen
Stena Drilling’s 1983-built semi-submersible rig has been awarded a contract, following a competitive tender, by Nexen Petroleum. The rig will…
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America’s biggest oil import terminal loads VLCC for export
America’s biggest privately owned crude import terminal, Louisiana Offshore Oil Port (LOOP), is taking a big step towards becoming an…
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Mexican authorities find 42 kilos of cocaine under CSAV containership
Mexican navy units have found and recovered 42 kilograms of cocaine in suitcases hidden in a special underwater hull attached…
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Cheniere Energy closes two LNG storage tanks at Sabine Pass because of leaks
Houston-based Cheniere Energy has been ordered by the industry regulatory body to shut down two storage tanks at its Sabine…
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Seatrade execs face prison and fines over botched ship scrapping
Six officials working for Dutch reefer firm Seatrade will appear at a court in Rotterdam today, charged with sending old…
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Yang Ming proceeds with plans to bring in 20 boxships
Taiwanese container line Yang Ming Marine Transport has received approval to proceed with a major fleet expansion plan. Under the…
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Interocean pounces on another post-panamax
In the post-panamax sector, the German controlled 93,000 dwt sized has been sold for $17.2m to the Menendez family according…
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Marinvest fuels up on more methanol carriers
Marinvest Shipping from Sweden is in for more methanol carriers. The ship investment vehicle has been identified by brokers as…
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